Global Processed Snacks (Savory Snacks) Market Size, Growth and Forecast to 2020

The global processed snacks (savory snacks) market is expected to exhibit a respectable CAGR over the forecast period (2011 to 2020). It is driven by changing consumer habits regarding foods. Increasing population and demand for non-perishable foods have led to the continuous success of these foods globally. Processed snacks are designed to be packaged in portable packets for convenience of users. They contain appealing ingredients as well as preservatives to keep the food fresh. Increasing demand due to rising expendable incomes of consumers and sedentary lifestyles can contribute to market growth. In light of growing health-consciousness among consumers, manufacturers are focusing on research and development to create healthy snacks. One trend that has gained traction is the innovation of baked chips, which contain less fats and more nutritional value.
Processed foods can comprise ready-to-eat meals as well as reheating meals. Some of the foods are canned or refrigerated to extend their shelf life. Innovations in technology have led to sustainable packaging formats as well as increased sales of these foods in Switzerland and Japan. PepsiCo, one of the leaders in the market, has registered healthy revenue in sales and demand in 2017. It is planning to invest in unsweetened tea and products with low caloric value. The worldwide processed snacks market is segmented according to product and distribution channel analytics. Types of products encompass potato chips, corn chips, tortilla chips, pork scratchings, and extruded snacks. Potato chips are expected to garner high demand, followed by popcorn and traditional nut snacks. The tortilla chips segment is the second largest after potato chips, due to their preference by the working population. Tortilla chips are differentiated according to price, packaging, and promotion. Texture innovation is a key area experimented by players to attract more consumers.
Distribution channel analytics are dollar stores, drug stores and pharmacies, hypermarkets and supermarkets, cash andcarries and warehouse clubs, food and drinks specialists, health and beauty stores, convenience stores, variety stores, general retailers, and others. Hypermarkets and supermarkets are expected to form the biggest distribution channel being an omni-solution for all food shopping. Convenience stores and other general retailers are also expected to equally contribute to market growth thanks to their growing presence in neighborhoods.
The report "Global Processed Snacks (Savory Snacks) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics" is available now at https://www.radiantinsights.com/research/global-processed-snacks-savory-snacks-market-outlook-to-2020
North America, Western Europe, and Japan are markets that have reached saturation. Other markets such as India, China, Indonesia, and the Middle East & Africa have high growth potential. The U.S. is the largest market in North America, followed by Spain, Germany, and the U.K. in Europe. Companies are resorting to advertising and other digital channels to revamp their brand and entice future consumers. Others are creating supply chain partnerships to expand their reach.
Notable market players include Mondelez International Inc.; ConAgra Foods Inc.; PepsiCo; Calbee Foods Co Ltd.; and Inter snack GmBH & Co. Launch of innovative flavors, mergers, and acquisitions are business strategies adopted by these players to sustain their market hold. New players can easily penetrate the market due to shifting consumer preferences and low brand loyalties. However, functional foods are expected to be an imminent threat to market growth in the forthcoming years.

Comments

Post a Comment

Popular posts from this blog

Cookies Market Will Rise Due To Increasing Popularity Of E-Commerce Sites

Image
June 28, 2019:  The global cookies market size is expectded to reach USD 44.01 billion by 2025 with a CAGR of 5.3%, according to a new report by Radiant Insights, Inc. Rising product popularity and increasing demand for on-the-go snacks in developed markets including Germany and U.K. are expected to remain key driving factors for the market over the forecast years. Increasing demand for gluten-free cookies as alternatives to conventional counterparts due to rising concerns regarding glutamic disorders is also offering growth opportunities for the global market. Request a Free Sample Copy of Cookies Market Report @  https://www.radiantinsights.com/research/cookies-market/request-sample Rapid urbanization along with increasing disposable income levels in emerging economies, such as China and India, is projected to boost the product demand. Innovative marketing strategies undertaken by major companies in the market to lure new customers will also contribute to the mar...
Read more

The Pet Food Industry: A Vital Part of the Pet Ownership Experience

Image
    Global pet food sector database is a collection of market sizing information & forecasts, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with a statistics e-book.   Access the  Global Pet Food Industry Data Book , 2023 to 2030, Compiled Report By Grand View Research   Cat Food Market Report Highlights   The global cat food market size is growing at a CAGR of 3.8% during the forecast period, as per a new report by Grand View Research, Inc. • The market is estimated to advance at a CAGR of 4.4% from 2023 to 2030. This is attributed to the increase in pet obesity, the rise of nuclear families, the humanization of pets, growing awareness of...
Read more

Global Bale Wrappers Market Research Report, 2018-2023

Image
The global Bale Wrappers market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2023, growing at a CAGR of XX% between 2017 and 2023. This report offers an overview of the market trends, drivers, and barriers with respect to the Bale Wrappers market. It also provides a detailed overview of the market of different regions across United States, Europe, China, Japan, India, Southeast Asia and Others. The report categorizes Bale Wrappers market by by Bale Wrappers Types, by Bale Types, and application. Detailed analysis of key players, along with key growth strategies adopted by them is also covered in this report on Bale Wrappers market is valued at XX million USD in 2017 and is expected to reach XX million USD by the end of 2023, growing at a CAGR of XX% between 2017 and 2023. Request a Free Sample Copy of this Report @   https://www.radiantinsights.com/research/global-bale-wrappers-market-research-report-2018-2023/request-samp...
Read more